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Cable Update (GBPUSD)

  • #196,241
  • Jan 27, 2010 3:33am Jan 27, 2010 3:33am
Here is 4HR outlook.

1.6250 is the absolute key level if this is to turn bullish.

Check out how price reacts to this level on all time-frames.

I plan to take a long if there is a confirmed breakout of this level.

Breakout > Consolidation > Trigger
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  • #196,242
  • Jan 27, 2010 3:35am Jan 27, 2010 3:35am
took off GU sell limit 6170....went long 6130...went long GJ too, both stops at BE
it had seemed so obvious at the time
  • #196,243
  • Jan 27, 2010 3:38am Jan 27, 2010 3:38am
Quoting dvdsurplus
Here is 4HR outlook.

1.6250 is the absolute key level if this is to turn bullish.

Check out how price reacts to this level on all time-frames.

I plan to take a long if there is a confirmed breakout of this level.

Breakout > Consolidation > Trigger
There is a quarterly pivot at 1.6248, may give you an answer on why price has been reacting there .
  • #196,244
  • Jan 27, 2010 3:40am Jan 27, 2010 3:40am
MPC Member Sentance Speaks.What did he say in his sentence that did that
  • #196,245
  • Jan 27, 2010 3:40am Jan 27, 2010 3:40am
Quoting Jemmy
boring to wait..

just try my luck sell 6135 SL 6180..
6180..Stop loss hit..
Patience + Discipline =
  • #196,246
  • Jan 27, 2010 3:40am Jan 27, 2010 3:40am
sorry know this is a cable thread...but EU bullish crab pattern almost complete on H1....supporting swissy reversal?....agree on GU 6250 key level (just above monthly pivot)

yen crosses making a comeback after asian session drop
it had seemed so obvious at the time
  • #196,247
  • Jan 27, 2010 3:54am Jan 27, 2010 3:54am
Is there any chance GBPUSD to go down again? I have a pending order sell limit at 1.6180. Need advices!
Night Stalker
  • #196,248
  • Jan 27, 2010 3:59am Jan 27, 2010 3:59am
Quoting Buaya
Is there any chance GBPUSD to go down again? I have a pending order sell limit at 1.6180. Need advices!
Dont think I would try selling there , there is some upside tgts tht could get hit , seems to have a little momentum behind it now
  • #196,249
  • Jan 27, 2010 4:05am Jan 27, 2010 4:05am
Long target of 1.6200 hit. I'm out!
May the forex be with you |
  • #196,250
  • Jan 27, 2010 4:06am Jan 27, 2010 4:06am
Darn, my order already filled. I think I need much more times to improve my chart reading. sigh*
Night Stalker
  • #196,251
  • Jan 27, 2010 4:10am Jan 27, 2010 4:10am
What we looking at now for Cable ?
1.6250 ??
  • #196,252
  • Jan 27, 2010 4:11am Jan 27, 2010 4:11am
Quoting Buaya
Darn, my order already filled. I think I need much more times to improve my chart reading. sigh*
well study them enough to get something tht works for you , dont matter how good you get the mkts have a way of keeping you humble , but if you can get some consistiency and build on tht you will be fine
  • #196,253
  • Jan 27, 2010 4:20am Jan 27, 2010 4:20am
What About * 267 * !

* Never Trust To Any Indicator *
  • #196,254
  • Jan 27, 2010 4:21am Jan 27, 2010 4:21am
shorted at 220/reason/yesterdays open line hit /Pivot R1 line at228 and on daily chart I just hit the 38 fib line /fib drawn from 16457- 1/19 high to 16076 low on 1/22.Well have to wait and see now
  • #196,255
  • Jan 27, 2010 4:23am Jan 27, 2010 4:23am
salam hi all


green pips for all
  • #196,256
  • Jan 27, 2010 4:29am Jan 27, 2010 4:29am
cable rally ... better to wait till CBI Realized Sales ... i see bullish divergence on daily chart .. but still not confirm

its important to see if 1.6270 will broke or not

so i dont prefer short or long @ the moment ... and stay out better

we need to see breakout to long or clear sign from top to sell
  • #196,257
  • Jan 27, 2010 4:30am Jan 27, 2010 4:30am
Oh, it's up
Now I am waiting to close my long and for the Top to sell. The higher the better
CBI may be good ?
Give me patience
  • #196,258
  • Jan 27, 2010 4:30am Jan 27, 2010 4:30am
Well said deboooo

Too early to short, too late to go long : very well said
Don't tell me how much you can earn. Tell me how much you may lose..
  • #196,259
  • Jan 27, 2010 4:35am Jan 27, 2010 4:35am
cable must at least break 1.6228 38.2 fibo line to continue go up
  • #196,260
  • Jan 27, 2010 4:37am Jan 27, 2010 4:37am
also have a daily T-line seems to hold well across the board since Nov 2009
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